More Russian firms sanctioned over Kerch Strait Bridge work

The European Union has sanctioned more Russian companies involved in the construction of the Kerch Strait Bridge linking Russia with the Crimean Peninsula. Newly placed on the list – now 44 companies in all – are the three firms PJSC Mostotrest, SGM and Stroygazmontazh Most OOO controlled by billionaire Arkady Rotenberg, a close friend of Russian president Vladimir Putin. Others are construction firm CJSC VAD, engineering firm GPSM and the Zaliv Shipyard. Russia seized the Crimea region from the Ukrai
August 6, 2018 Read time: 2 mins
The 1116 European Union has sanctioned more Russian companies involved in the construction of the Kerch Strait Bridge linking Russia with the Crimean Peninsula.


Newly placed on the list – now 44 companies in all – are the three firms PJSC Mostotrest, SGM and Stroygazmontazh Most OOO controlled by billionaire Arkady Rotenberg, a close friend of Russian president Vladimir Putin. Others are construction firm CJSC VAD, engineering firm GPSM and the Zaliv Shipyard.

Russia seized the Crimea region from the Ukraine in March 2014 and continues to support separatist movements in eastern Ukraine.

“Through their actions they supported the consolidation of Russia’s control over the illegally annexed Crimean peninsula, which in turn further undermines the territorial integrity, sovereignty and independence of Ukraine,” the European Council said.

The assets have been frozen of the 44 companies which contributed to construction and maintenance of the 19-km road and rail bridge project that opened in May. Cost of the bridge consisting of a four-lane highway and two rail lines was around US$3.7 billion, according to media reports.

A Russian foreign ministry spokesperson reportedly called the added sanctions a "subversive policy directed against the residents of Crimea".

Road Structures

For more information on companies in this article

Related Content

  • New northern relief road for Moscow
    August 20, 2015
    New Concession Company to build northern relief road of Moscow Kutuzov Avenue – Eugene Gerden writes New Concession Company has won a tender for the building of the Northern relief road of Kutuzovsky Avenue, a major radial avenue in the Russian capital Moscow. The firm is part of Leader company (one of Russia's largest management companies), owned by Yuri Kovalchuk, a well-known Russian businessman, who is reportedly close to Russia’s president Vladimir Putin. It is planned that the building of the n
    Read More
  • Bridge of international accord from Russia-China
    May 29, 2018
    A new bridge project joining China and Russia is a sign of international accord between the two nations – Mike Woof writes A new bridge spanning what China calls the Heilongjiang River and which is known as the Amur River in Russia, is a clear sign of an important international accord between the two countries. Discussions over the bridge project were first started between China and Russia in the 1980s, with both nations seeing many changes in leadership since that time. But while the political discussion
    Read More
  • IRF Geneva takes centre stage at the 1st Africa Road Safety Forum
    January 15, 2019
    Africa has 2% of the world’s cars but 16% of the world’s road deaths, and more than 300,000 people lose their lives in road traffic crashes in the region every year, while thousands more are injured. Against this background the 1st Africa Road Safety Forum was organised in Marrakech, Morocco on 13-15 November. The event had the support of IRF (Geneva) and provided an opportunity to present the newly created IRF Global Road Data Warehouse and to mark the establishment of an IRF Africa. The event was placed
    Read More
  • Russian road projects for Krasnodar and Siberia
    July 2, 2018
    Construction will commence in 2019 for a new bypass stretch around Krasnodar in Russia. The project is for the western bypass for Krasnodar (South), which will link the route from Krasnodar to Temryuk with the M-4 Don Federal highway. The new road stretch provides a key link for the new highway and bridge route across the Kerch Strait to connect with the Crimean Peninsula. The bypass section is designed to carry up to 30,000 vehicles/day.
    Read More

Highlighted Content